Do you make enough money to be able to SAVE some?

[Ozkar]

For those of you who have a job... Do you make enough money so that you can actually save some??

[BrianMTL]

Ya, you gotta save. If you're not saving and/or credit card is way up near the limit, its time for a lifestyle change. I dont think its a matter of making enough money. I'd rather sell my house and move into something cheaper than never have any money in the bank. For some people I know, ever pay increase means a nicer car with bigger payement or some other indulgence... not a way to live IMO.

[Cdn90]

Originally Posted by BrianMTL

Ya, you gotta save. If you're not saving and/or credit card is way up near the limit, its time for a lifestyle change. I dont think its a matter of making enough money. I'd rather sell my house and move into something cheaper than never have any money in the bank. For some people I know, ever pay increase means a nicer car with bigger payement or some other indulgence... not a way to live IMO.

Rep'd

[Dreamscapes]

I make enough money to save some.

[Worldwide]

I save a minimum of 20% of everything I make - period. Always pay yourself first. If you can't save any money, you're living beyond your means.

[forgot password]

hmm i can do 2 choices. i make plenty but also live w/parents. i'm waiting for the housing market to come down some more.

[JesusTookMyBike]

ye i save most of my money, need to save to buy a house..

[Nutella!]

so many people live paycheck to paycheck

i save a good amount, but i live with my parents

[snuffiluffigus]

I have enought to save but I live w/ my parents so it kinda canels out.

[captainhorseboy]

yes i am saving because i need to buy an effing house

[Environ]

Yes. I have an arrangement with my company that a portion of my paycheck goes directly into a credit union account. I don't even see that money. And, I still save some other money too (well, I don't spend it anyway).

[Greg1983]

Originally Posted by Worldwide

I save a minimum of 20% of everything I make - period. Always pay yourself first. If you can't save any money, you're living beyond your means.

20%? Damn... you either have amazing self control or you're just plain loaded. Either way I'm jealous. Good work. I'm happy if I can put away 5% of a paycheque.

[Worldwide]

Originally Posted by Greg1983

20%? Damn... you either have amazing self control or you're just plain loaded. Either way I'm jealous. Good work. I'm happy if I can put away 5% of a paycheque.

lol, no, definitely not loaded, I just don't buy things I don't need. I make it a point to live on ~20% less than I could, that's all. The first bill I pay every month is the bill to myself. The remaining money gets divided up to everything else.

[trojannation]

I put 15% into my retirement, and every year I put a couple thousand in savings and another couple thousand toward my house.

[proteinpump]

Yes, I save plenty.

[philhyp]

I save probably 70-80% of my paychecks

[CLK-GTR]

50% of my wage always goes into a savings account. when it hits a large enough lump sum 50% of it goes into a higher risk investment

[Ozkar]

Originally Posted by philhyp

I save probably 70-80% of my paychecks

Wow, either you don't spend money, or you got a very good job.

[Diana Meeque]

i don't

gas, insurance, class and books are pretty much draining all my money. i might be able to save a few dollars here and there, but nothing much.

granted i'm only making $8/hr and working 2 days per week cause school, lol

[BakaNingen]

Always save, not to buy stuff, but for security. Security is priceless. Knowing I have the money there for whatever hail storm comes is worth as much as the money itself.

[YUL]

putting 10% of my salary in a 401K and 1.5% in a roth IRA

[C. Griswald]

right now im not saving as much as usual since were banking away money for the weddiing but after that its back to the regularly scheduled plan

[Forrest319]

I do, but I have a credit card I am trying to pay down so all my spare cash goes that way. Essentially saving more than actually saving because the credit card interest rates are higher.